The SBI chief said that our effort is to support the efforts of economic growth. To ensure this, we will try to keep interest rates as soft as possible.
What effect the banking sector will have, will have to wait.
The State Bank of India (SBI) will keep interest rates as soft and favorable as possible to support the growth of the economy. Bank chairman Dinesh Kumar Khara said this. Regarding the impact of the second wave of COVID-19 pandemic on the bank’s non-performing assets (NPAs), the SBI chairman said that this lockdown has not taken place across India. In such a situation, we will have to wait for some time for its impact on the banking sector.
He said that there are many things including Inflation Rate which have an effect on the interest rate. “Our effort is to support the efforts of economic growth.” We will try to keep the interest rates as soft as possible to ensure this. ”Khara said in an interview on the question that there is no way out now about the banks’ NPA scenario based on local restrictions. It is too early to assess. He said, “The situation of lockdown is different in different states, in such a situation, we should watch and wait for some more time before making any comment about the state of the economy and the NPA.”
SBI is making temporary hospital with ICU
Regarding the efforts being made by the bank amidst the current circumstances of the corona virus epidemic, Khara said the bank has decided to build a temporary hospital with intensive care facility (ICU) for COVID-19 patients in some of the more affected states of the country. . The bank has put an amount of Rs 30 crore for this work and is in touch with some non-governmental institutions (NGOs) and hospital management to set up medical facilities at an emergency level. He said that the bank wants to arrange one thousand beds for the treatment of COVID-19 patients in the most affected states. Of these, 50 beds will be with ICU facility.
SBI has also tied up with some hospitals
Khara said that the State Bank is also tying up with hospitals and NGOs to provide oxygen cylinders and other facilities. “We have prepared an action plan. We have made a provision of Rs 70 crore, in which 21 crore rupees are being given in 17 circles for initiatives related to COVID-19. The agreement has been made so that the employees of the bank falling ill can get treatment on a priority basis.
SBI will get its employees vaccinated on their own
Bank has also decided to bear the cost of vaccination of its employees and their dependents. Out of the total two and a half lakh employees of the bank, 70 thousand employees have been vaccinated so far.
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